Benson Investment Management Company Inc. purchased a new position in shares of Dow Chemical Company (The) (NYSE:DOW) during the fourth quarter, Holdings Channel reports. The firm purchased 39,705 shares of the company’s stock, valued at approximately $2,272,000. Dow Chemical Company (The) comprises approximately 2.3% of Benson Investment Management Company Inc.’s investment portfolio, making the stock its 15th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Washington Trust Bank increased its stake in Dow Chemical Company (The) by 7.9% in the third quarter. Washington Trust Bank now owns 1,926 shares of the company’s stock worth $100,000 after buying an additional 141 shares during the period. Smithfield Trust Co. increased its stake in Dow Chemical Company (The) by 14.2% in the third quarter. Smithfield Trust Co. now owns 1,941 shares of the company’s stock worth $101,000 after buying an additional 241 shares during the period. Kernodle & Katon Asset Management Group LLC increased its stake in Dow Chemical Company (The) by 5.2% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 2,184 shares of the company’s stock worth $113,000 after buying an additional 108 shares during the period. Kistler Tiffany Companies LLC increased its stake in Dow Chemical Company (The) by 19.5% in the third quarter. Kistler Tiffany Companies LLC now owns 2,219 shares of the company’s stock worth $115,000 after buying an additional 362 shares during the period. Finally, Adirondack Trust Co. increased its stake in Dow Chemical Company (The) by 68.6% in the third quarter. Adirondack Trust Co. now owns 2,248 shares of the company’s stock worth $117,000 after buying an additional 915 shares during the period. 69.38% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Dow Chemical Company (The) (NYSE:DOW)

Dow Chemical Company (NYSE:DOW) opened at 61.41 on Friday. Dow Chemical Company has a 1-year low of $46.18 and a 1-year high of $61.85. The stock has a market cap of $74.51 billion, a P/E ratio of 17.45 and a beta of 1.12. The stock has a 50 day moving average of $59.16 and a 200 day moving average of $55.39.

Dow Chemical Company (The) (NYSE:DOW) last released its earnings results on Thursday, January 26th. The company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.11. The firm had revenue of $13 billion for the quarter, compared to the consensus estimate of $12.36 billion. Dow Chemical Company (The) had a net margin of 8.97% and a return on equity of 16.85%. The company’s revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. Equities analysts anticipate that Dow Chemical Company will post $4.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, March 31st will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Wednesday, March 29th. Dow Chemical Company (The)’s dividend payout ratio is presently 54.76%.

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A number of research firms recently issued reports on DOW. Zacks Investment Research downgraded shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, January 11th. Vetr upgraded shares of Dow Chemical Company (The) from a “sell” rating to a “hold” rating and set a $56.38 price objective for the company in a report on Wednesday, December 14th. RBC Capital Markets restated a “top pick” rating and set a $68.00 price objective (up previously from $65.00) on shares of Dow Chemical Company (The) in a report on Friday, October 28th. Barclays PLC restated a “hold” rating and set a $65.00 price objective on shares of Dow Chemical Company (The) in a report on Sunday, January 29th. Finally, Sanford C. Bernstein restated an “overweight” rating on shares of Dow Chemical Company (The) in a report on Friday, December 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $64.97.

Dow Chemical Company (The) Company Profile

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